Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not gold, and were complex and not ready to become "money".
Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not confused with gold as is often the case, and were complex and not yet ready to become "money". "I think cryptocurrency is a complicated thing, and the service we need to provide for everyone is to really decipher what it means, and once we do that, we can define it," Daly said.
The Fed's Daley will speak in ten minutes; the total number of oil rigs for the week to December 6 in the United States will be released in ten minutes.
1. Daley of the Federal Reserve: Interest rate cuts in December are still under consideration. 2. The Shanghai headquarters of the Central Clearing Corporation and the Shanghai Financial Industry Federation jointly released the "Yangtze River Delta Green Bond Development Report (2024) ". 3. The bond market is picking up, the net value of more than 2,200 bonds has reached a new high, and large-amount subscriptions have been opened again. 4. The Ministry of Finance will issue 6 billion yuan of gov...
Fed Daly: The economy is clearly in better shape. Inflation has fallen sharply and the labor market has returned to a more sustainable trajectory. (Golden Ten)
Fed Daly said that the Federal Reserve will continue to adjust policy to adapt to the economic situation; it is expected to continue to cut interest rates in the future; it has not seen any reason to stop cutting interest rates; monetary policy is certainly still tight; it does not want to see further deterioration in the labor market; the Fed's recent rate cuts passed only by a narrow margin, and I strongly supported a 50 basis point rate cut at the time.
Dollar index high shock, gold returned to 2660! Fed Daly said monetary policy is still restrictive, the market up the ante bet the central bank of Canada cut interest rates by 50 basis points...... last night this morning, what happened in the world?
Fed Daly believes there are still a few rate cuts before monetary policy returns to neutral. "The truth is we are a long way from where we could be," Daly said of the federal funds rate. She added that it was possible that the nominal neutral rate would have risen before the epidemic, but the exact level was difficult to predict accurately. She said 3 per cent might be a good guess.
The Federal Reserve's Daley reiterated his view that it may cut interest rates once or twice more this year.
Fed Daly: There may be one or two more rate cuts this year. We will monitor the data, monitor the labor market and inflation, and adjust rates as needed.
Federal Reserve Daly: The labor market is fully balanced. The time has come to adjust policy.
Federal Reserve Daly: It is too early to judge the extent of interest rate cuts.
DALLEY, Federal Reserve: If the economy develops as expected, it is reasonable to adjust policy at a normal pace. If the economy weakens more than expected, more aggressive measures will be required.
Fed Daly: We still have a long way to go, and even after the rate cut, our policy will remain restrictive.